finance.yahoo.com

Exxon Underpins Targa’s 20-Year Permian Processing Expansion Through 2046

Targa Resources logoTarga Resources
Sig3.25Sen+2.60Env-1.40Soc+0.10Gov+0.70
Exxon Mobil logoExxon Mobil
Sig3.05Sen+3.10Env-1.85Soc0.00Gov0.00

Targa expects about $5 billion of 2026 net growth capital as it expands Permian gathering, processing, and NGL systems, including fee-based agreements tied to Exxon Mobil as a key producer customer through 2046. The deals support three new Delaware processing plants totaling about 825 million cubic feet per day, with potential for up to five additional plants.

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